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Singapore arrests two Malaysians over S$412,000 gold scam

The impostor alleged that the woman was involved in money laundering and sent fake identification and supporting documents via WhatsApp to convince her

Updated 10 months ago · Published on 13 Nov 2025 12:12PM

Singapore arrests two Malaysians over S$412,000 gold scam
The victim was instructed to transfer S$1 million (about RM3.5 million) from her bank account to the credit card and to buy gold at Mustafa Centre in Little India - November 13, 2025

TWO Malaysian men have been arrested in Singapore for impersonating government officials and defrauding a woman into purchasing gold worth over S$412,000 (RM1.44 million), reports VNExpress.

The victim reportedly received a call from an unknown individual claiming to be a bank officer, warning her about a credit card allegedly issued in her name.

After denying the claim, the call was transferred to another person posing as a representative from Singapore’s Ministry of Law and the Monetary Authority of Singapore (MAS).

The impostor alleged that the woman was involved in money laundering and sent fake identification and supporting documents via WhatsApp to convince her.

She was instructed to transfer S$1 million (about RM3.5 million) from her bank account to the credit card and to buy gold at Mustafa Centre in Little India, which she handed over to an unidentified individual on the same day.

The suspects, aged 22 and 38, were apprehended after the victim lodged a police report last Friday.

“Preliminary investigations indicate that both suspects were acting under the direction of unidentified individuals as part of a cross-border scam syndicate to collect cash and valuables from victims,” the police said. - November 13, 2025

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